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File photo of Ray Dalio, founder of Bridgewater Associates. Ray Dalio, billionaire investor and founder of Bridgewater Associates, released his inaugural Country Power Score Index, which, in his own words, analyses “what makes countries healthy and unhealthy, and how policymakers’ decisions impact the trajectories of their countries.” The list places the US on top in a state of gradual decline, while China is No. 2 in rapid ascent. India is ranked 7th in ascent. In tweets posted on May 25, Dalio said the report comes from his 50-year experience as a global macro-investor and added that he “likes to quantitatively measure” impact to help build systems for better decision-making. The power score index shows the levels of 18 types of strengths and combines them into an aggregate measure of power for the top 24 countries. Besides current placements, the index can be used as a “good leading indicator of future conditions” and “serve as a guide for policymakers to produce … [Read more...] about Ray Dalio’s Power Score Index: US, China on top, India at 7

Divya Karyza (The Jakarta Post) Jakarta   ● Thu, May 26, 2022 2022-05-26 18:00 0 e16ff64e7ecc29b4174149122315854c 1 Regulations Nuclear,renewable-energy,RUU-EBT,RUU-EBET,nuclear-plants,energy-transition Free Activists are urging regulators to exclude nuclear energy development from the new and renewable energy (NRE) bill, arguing it would hinder Indonesia’s transition to green energy. "We urge House of Representatives Commission VII to remove all mention of nonrenewable energy in the new and renewables category of the bill," the cofounder of renewables advocacy group Adidaya Initiative, Aji Said Iqbal Fajri, said in an open letter dated May 19, referring to the House commission that oversees energy and mineral resources. The letter was issued by a group of activists called the Civil Society Coalition, which includes Adidaya Initiative, as well as by the Institute for Essential Services Reform (IESR) and the Indonesian Center for Environmental Law … [Read more...] about Nuclear power has no place in renewables bill: Activists

'The Good Girls: An Ordinary Killing' by Sonia Faleiro (right) was on the RSL Ondaatje Prize 2022 longlist and the prestigious Crime Writers’ Association’s ALCS Gold Dagger for Nonfiction 2022 longlist. (Image collage courtesy eShe magazine) They were 16 and 14 years old. Two individuals, but one for the villagers in Katra Sadatganj: Padma-Lalli (names changed). Midnight of 26 May 2014, they disappeared, and the next morning their bodies were found hanging from a mango grove. The horrific photograph that revealed Padma and Lalli hanging from the tree was circulated on social media. It elicited the same panic that had engulfed the country when it witnessed the rape and murder of a 23-year-old medical student in Delhi two years ago. For the opinionated, Katra Sadatganj was an open-and-shut case. Sensationalism and misreporting followed. In this haze, London-based investigative journalist Sonia Faleiro decided to visit the village for something that she was already working on, but … [Read more...] about “The will to stop crimes against women is simply missing”: Sonia Faleiro

A recent FICCI report says that the Indian sports segment grew 62 percent in 2021, exceeding pre COVID-19 levels, and television garnered 84 percent of media spends on sports. (Image: Salman Hossain via Unsplash) Sports is giving Bollywood a run for its money when it comes to endorsements and sponsorships. Arun Pandey, CMD, Rhiti Sports Management (P) Ltd, in the Digital Acceleration 2.0 report by Duff & Phelps says the emergence of D2C brands is leading to marketers looking at associations with celebrity brands for targeted outreach of their products. And it is not just about Bollywood anymore. He says cricketers, sportspersons and other social media influencers are being roped in as brand ambassadors where the strategy is to associate with the endorser who can ensure better and higher engagement with the product’s potential consumers. Live sports pushing the envelope for the genre “Linear TV and Live sports as a category is on an all-time high with emerging … [Read more...] about Storyboard18 | Is sports pushing Bollywood out of the marketing spotlight?

- A + A TOKYO (May 26): Sony Group Corp said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease, and signalled a radical broadening of its games portfolio including more titles on PCs and mobile. The PS5, which went on sale in November 2020, undersold its predecessor in its second year due to component shortages which had roiled the electronics industry. But it is expected to close the gap in year three and overtake PS4's instal base the following year. Beyond the initial ramp-up, "we're planning for heavy further increases in console production, taking us to production levels that we've never achieved before", Sony Interactive Entertainment chief executive officer Jim Ryan told an investor briefing. While Covid-19 lockdowns in China continue to create supply chain uncertainty, "things are definitely improving", he added. Sony has forecast PS5 sales of 18 million units in the business year to end-March compared with 11.5 … [Read more...] about Sony to ramp up PS5 production and broaden games portfolio

- A + A SINGAPORE (May 26): The trading arm of Toyota Motor Corp will pay ¥185 billion (US$1.5 billion) to acquire the remaining stake in a Japanese wind and solar power company amid a nationwide effort to hit ambitious green goals. Toyota Tsusho Corp will acquire the 40% stake it does not already own in Eurus Energy Holdings from Tokyo Electric Power Co, according to a filing on Thursday. The deal will close as soon as June. The move comes amid a wider green energy buying spree in Japan. The government seeks to cut carbon emissions by 46% from 2013 levels by 2030, and become carbon neutral by 2050. Japan's industries are in turn committing to similar goals, and facing pressure from the government and investors to move out of fossil fuels. Toyota Motor owns a 34% stake in Toyota Tsusho, which essentially acts as its trading arm. Japan's top automaker last year was considering to acquire the 40% stake in Eurus Energy, Diamond Online reported in November. Eurus … [Read more...] about Toyota arm buys rest of renewables firm for US$1.5 billion

- A + A (May 26): India’s Adani Wilmar Ltd is an outlier among Asia’s newly listed stocks. The food company has almost tripled since its debut, while most newcomers are trading under water. Shares in the firm, a joint venture between the group controlled by Asia’s richest person Gautam Adani and Singapore’s Wilmar International Ltd, have outperformed 121 Asian initial public offerings (IPOs) worth over US$100 million (about RM439.76 million) this year. Almost two-thirds of the region’s new listings are in the red as rising interest rates and the war in Ukraine take a toll. The Monetary Authority of Singapore and Nippon Life India were among investors in Adani Wilmar’s IPO, which makes Fortune brand cooking oils, wheat flour, rice, pulses, sugar and other food products. The firm said it would use part of the funds in the US$486 million offering to expand facilities, repay loans and make strategic acquisitions. The company is expected to “continue to gain market … [Read more...] about Billionaire Adani’s food venture is best-performing Asia IPO

This article first appeared in The Edge Malaysia Weekly, on May 16, 2022 - May 22, 2022. Klang Valley Data Centre in Cyberjaya - A + A WITH 5G and digital services being two key growth areas, Telekom Malaysia Bhd (TM) is actively seeking partners and solutions in the digital space to strengthen its value proposition. And it is not discounting the possibility of acquisitions or joint ventures taking place this year. “That [the need to invest to be better positioned for new growth areas] is partly why we are looking at conserving our cash position,” its managing director and CEO Imri Mokhtar tells The Edge. “We are actively scouting the market [for acquisitions]. As we go into more specific projects, for example, we do need to acquire some of these specialists or boutique technology companies to complement [our portfolio].” Deals being sought include cloud computing, smart workforce, productivity and specialised industry-based solutions to bolster its … [Read more...] about Cover Story: Telekom on the prowl for M&A, JV to grow new digital services unit Credence

This article first appeared in The Edge Malaysia Weekly, on May 16, 2022 - May 22, 2022. - A + A OVER the years, there has been much debate on whether low-carbon solutions such as carbon capture technology are relevant in the light of renewable energy adoption and the energy transition. The recent energy crunch, which saw oil and gas prices skyrocket amid high demand, and pushed some countries to even revisit coal for power generation, has proved that fossil fuel use cannot be avoided in the near term. This means it is even more pertinent to explore technologies that allow carbon reduction and offset during the energy transition, says Petroliam Nasional Bhd (Petronas) vice-president and chief sustainability officer Charlotte Wolff-Bye. “In this current sort of crisis in the energy sector, I believe that the energy transition can’t be delivered without the oil and gas industry. We actually need to decarbonise existing energy systems and continue … [Read more...] about Petronas: Decarbonising fossil fuel the way to go

- A + A KUALA LUMPUR (May 26): There is potential for Malaysia to achieve or even exceed its long-term renewable energy (RE) target helped by a stronger push for energy transition from energy users, said Tenaga Nasional Bhd (TNB). This, TNB noted, includes its plan to raise the group’s global RE capacity to 8.3 gigawatt (GW) by 2025 from 3.4GW at end-2021, and Malaysia’s RE generation of 18GW by 2035 from 8.45GW currently. “In the past few years, the push for energy transition has become much stronger. As we look at plans coming up for the nation and TNB, it will be interesting to perhaps even see some of the plans [move] forward faster,” said TNB sustainability pathway project director Dr Noor Miza Razali. Speaking at a Thursday (May 26) briefing on TNB’s sustainability pathway, Dr Noor Miza explained that the RE generation mix could be further enabled due to declining cost of operations compared to volatile prices of traditional fuel sources like coal. “Having … [Read more...] about Malaysia could potentially accelerate renewable energy goals, says TNB